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Michigan gaming sets new revenue records24 February 2025(PRESS RELEASE) -- Michigan commercial and tribal operators reported a combined $331.2 million total internet gaming gross receipts and gross sports betting receipts in January. Gross receipts increased 25.4% compared to December. Monthly Gross Receipts January iGaming gross receipts totaled $248.2 million, the highest to date. The previous high was $244.0 million recorded in December 2024. January gross sports betting receipts totaled $83.0 million, which is an increase from the $20.2 million recorded in December. Monthly Adjusted Gross Receipts Combined total iGaming and internet sports betting adjusted gross receipts (AGR) for January were $287.9 million, including $233.1 million from iGaming and $54.8 million from internet sports betting — representing an iGaming increase of 6.1% and a sports betting increase of $54.5 million when compared to December 2024. Compared to January 2024 reported revenues, iGaming AGR was up by 42.0% and sports betting was up by $36.0 million. Monthly Handle Total internet sports betting handle at $555.2 million was down by 7.1% from the $597.7 million handle recorded in December 2024. Monthly State Taxes/Payments The operators reported submitting $46.8 million in taxes and payments to the State of Michigan during January, of which: - iGaming taxes and fees = $43.7 million - Internet sports betting taxes and fees = $3.1 million Monthly City of Detroit Taxes/Payments The three Detroit casinos reported paying the City of Detroit $12.8 million in wagering taxes and municipal services fees during January, of which: - iGaming taxes and fees = $11.8 million - Internet sports betting taxes and fees = $1.0 million Monthly Tribal Operators’ Payments Tribal operators reported making $5.0 million in payments to governing bodies in January.
Michigan gaming sets new revenue records
is republished from Online.CasinoCity.com.
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